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BBY Balfour Beatty Plc

361.40
-4.20 (-1.15%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Balfour Beatty Plc LSE:BBY London Ordinary Share GB0000961622 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.20 -1.15% 361.40 2,206,247 16:35:10
Bid Price Offer Price High Price Low Price Open Price
360.20 360.80 367.00 356.80 356.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 9.6B 197M 0.3628 9.93 1.96B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:08:51 O 461 364.601 GBX

Balfour Beatty (BBY) Latest News (1)

Balfour Beatty (BBY) Discussions and Chat

Balfour Beatty Forums and Chat

Date Time Title Posts
16/2/202416:38Balfour Beatty with Charts2,788
28/2/201915:14Any opinions on BBY, a buy?43
15/10/201415:36TipTV: Balfour Beatty: Higher Gap?-
04/9/201412:51balfour beatty686
31/7/201416:57Zak Mir goes over the BBY chart on TipTv1

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Balfour Beatty (BBY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:09:05364.604611,680.81O
17:09:02360.804,87017,570.81O
17:07:05363.2218,47667,107.60O
17:07:01360.357,01725,286.04O
16:58:06364.214531,649.88O

Balfour Beatty (BBY) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Balfour Beatty Daily Update
Balfour Beatty Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker BBY. The last closing price for Balfour Beatty was 365.60p.
Balfour Beatty currently has 543,000,000 shares in issue. The market capitalisation of Balfour Beatty is £1,955,886,000.
Balfour Beatty has a price to earnings ratio (PE ratio) of 9.93.
This morning BBY shares opened at 356.80p
Posted at 31/8/2023 19:35 by lorse
Dekle - were you able to locate the BBY article 10 days ago, and was it favourable?
Posted at 12/5/2023 12:04 by kalai1
Balfour Beatty plc issued an AGM trading update this morning. Overall trading has been in line with expectations and the Board continues to expect the Group's 2023 profit from operations from its earnings-based businesses to be broadly in line with 2022. The Group's order book remains healthy and was £17.0 billion at end March 2023. Average net cash was £740 million during Q1 2023 compared to a FY 2022 average of £804 million driven by an expected working capital outflow of around £100 million and share buybacks. The SBB program still has another £75m to complete by end 2023. Valuation is reasonable with forward PE ratio at 11.7x mid range for the Construction & Engineering sector, PS ratio at 0.29x is top third. The Group's balance sheet is strong with negtive net debt, the share price also has strong momentum. BUY...

...from WealthOracle
Posted at 12/12/2022 13:22 by essentialinvestor
Share count reduction continues to be the focus for capital allocation and long may that last.
I've sold a portion as conditions seem perfect for BBY atm, sentiment is very strong and that may not last.
Posted at 26/8/2022 11:28 by imastu pidgitaswell
They could. BBY has over £800m in cash, and with a Costain market cap of just over £100m (before any bid premium) it would barely dent it - and they would be getting £100m cash in return, the net cash on the Costain balance sheet.

But I'd rather they took over Costain in around 6-8 months, after Costain shares have risen through their own efforts to around 80p. Then 120-140 for the bid, and I'll accept...

Say £300m to BBY 6 months from now, net £180m (after they take control of the Costain cash, which is increasing by around £40m a year as the cash is generated so Costain's £100m will be £120m or so at that point). For a business generating earnings of around £40m cash a year - before the duplicate cost stripping (and there is a lot of that) they would undertake.

Stupid cheap - my fee for proposing the transaction would just be a couple of million...

😜
Posted at 17/8/2022 14:02 by km18
Balfour Beatty posted Interims for the 6 months ended July 1st 2022 this morning. The Group delivered more strong financial performance and also upgraded expectations for FY22. Revenues were roughly flat at £4,147m but elsewhere BBY reported a 42% increase in underlying profit from operations (PFO) at £85 million, a 68% increase in underlying basic EPS at 12.9 pence per share and a 10% increase in the order book at £17.7 billion. The balance sheet is also strengthening with half year average net cash up to £811 million. Share price liked the release, +9% so far today. Valuation isn’t particularly helpful although messages are a little mixed. But solid profit growth and decent quality are big pluses. Certainly worth monitoring, share price looks set to test decade-long highs in the next few sessions. The bumper order book augurs well for performance in the next few years...

...from WealthOracleAM
Posted at 17/8/2022 13:11 by essentialinvestor
Yes !, I listened to the entire conference call and hold BBY.

I've made a buy case here several times so won't repeat it again,
the results say it all.
Posted at 17/8/2022 13:03 by imastu pidgitaswell
Nobody interested?

Not too many businesses posting year on year results improvements like that.

Although an interesting working capital move the wrong way, some £180m movement against last year, buried deep in the cashflow section of the announcement - presumably timing, given profitability and operating cash generation.

Notwithstanding that, £800m net average non-recourse cash, 68% EPS increase, dividend increase, etc etc. Years of future income on the order book, government everywhere committed to infrastructure spend. Share buybacks galore.

Underlying earnings for the full year - wot, 26-30p? So valued around 10-12 times earnings. Maybe finally some value being recognised with today's price increases.

If only there was some other business in the sector valued at a lower earnings multiple, maybe at its net cash value and no more, but with a similar financial profile...😜
Posted at 23/3/2022 10:54 by essentialinvestor
BBY looks in better shape than for many years, as their asset book is worth comfortably over £1 bn
with the support services business on top of that, their construction operation is valued at a very modest
amount given the current market cap. BBY may be worth watching.
Posted at 10/2/2022 14:29 by dekle
The £50m fine should have already been in the current share price
Posted at 23/12/2021 16:19 by imastu pidgitaswell
Found guilty of fraud - and up goes the share price...

😳


It's all about you how spin it - see the RNS. Whereas The Times went with:



Balfour Beatty has pleaded guilty to defrauding the US military after a two-and-half year investigation by special agents of the armed forces and the FBI and has been told to return fraudulently claimed payments and pay penalties totalling nearly £50 million.

The FBI and one of America’s top federal prosecutors said the company had been greedy and that fraud and lying in a division of Balfour Beatty was widespread. They accused the subsidiary of having a “broken corporate culture” and of putting its own profits ahead of the welfare of members of the US armed services and their families.

Balfour, Britain’s largest construction company, has substantial interests in the United States that account for more than half the group’s annual revenues of £7.3 billion. These include, for much of the past decade, being the landlord of and providing property maintenance services to 55 military housing complexes around the US for tens of thousands of army, navy and airforce personnel and their families. It includes Fort Gordon in Georgia, the US centre of cybersecurity, and Fort Bliss in Texas, the US Army’s largest camp.

For the past two-and-half years, however, the company has been under investigation by federal special agents over the misappropriation of money linked to those contracts. Balfour Beatty finally admitted on Wednesday that its people had been on the fiddle and that the company had banked performance payments that it should not have claimed.

It has pleaded guilty in a Washington DC criminal court to one count of fraud, has agreed to pay back $31.8 million in restitution and has further agreed to pay $33.6 million in penalties.

The US Department of Justice said the company’s division, Balfour Beatty Communities, based in Pennsylvania, was now on a three-year “probation”. It said that the company had also agreed to the appointment of an independent compliance monitor for the next three years, a similar arrangement to that applied to Serco and G4S in the UK when they were found to have fiddled the British taxpayer.

Lisa Monaco, the US deputy attorney-general, said: “Instead of promptly repairing housing for US service members as required, Balfour Beatty Communities lied about the repairs to pocket millions of dollars in performance bonuses. This pervasive fraud was a consequence of Balfour Beatty Communities’ broken corporate culture, which valued profit over the welfare of service members.”

Paul Abbate, deputy director of the FBI, said: “In defrauding our country’s military services, [the Balfour Beatty division] took advantage of their unique position as a military housing provider and put greed and personal profit above our service members.”

The investigations found that Balfour Beatty managers had falsified documentation claiming that work had been completed in order to trigger incentive payments.

In a statement Balfour Beatty confessed to “misconduct” by its personnel and said that the wrongdoing that took place was “completely contrary to the way the company expects its people to behave”.

It is understood that two executives at the centre of the fraud and investigated by US agents have since been sacked by Balfour Beatty.

A review of its US business has also prompted Balfour Beatty to now appoint a chief compliance officer and has sent workers on ethics training courses.

Shares in Balfour Beatty rose 3 per cent, or 7½p, to 263p.
Balfour Beatty share price data is direct from the London Stock Exchange

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